What We Can Learn from the Alleged Goldline International Scam

Gold and precious metal scamsare not uncommon, and you should always take the time to do your background
research before investing in gold—even if it’s a large or
recognizable company. As an example from last year, gold dealer Goldline
International was charged with making false and misleading statements
to its customers and accused of running a
bait-and-switch gold scam. Goldline was promoted by popular figures, such as Glenn Beck, and ran
large television and radio advertisement campaigns that aired largely
during conservative talk shows. Although Goldline denied any wrongdoing,
the company agreed to a settlement that that involved paying back millions
to former customers and adhering to stricter new requirements in promoting
their gold investments.

What We Can Learn from the Alleged Goldline International Scam

Many people believe that investment fraud is always easy to spot and that
large or well-known gold dealers are always safe. Although not every gold
dealer is out to defraud investors, it is important that you always take
the time to do your research before you hand over your money—check
out the investment, check out the promoter, check out the company’s
complaint history, and learn more about the type of gold you’re
investing in.

If you believe you have been misled about a gold investment by Goldline
International or another gold and precious metals dealer, seek the advice
of an experienced
investment fraud lawyer before it’s too late to recover your losses. To learn more, speak
with Meyer Wilson today.